Under Armour, Inc. is a United States based sports clothing, accessories and footwear company. Its internal audit function operates within the risk management function and is staffed by six full-time auditors. The team seeks to add value to the company by completing the global internal audit plan, helping management comply with Sarbanes-Oxley (SOX), and acting as a business partner on key initiatives.
In this profile, Jonathan Schwartz, Senior Director of Risk Management, and Elysa Lipsky, Senior Manager of Internal Audit, discuss the need to profoundly learn the business as sheer growth led Under Armour to leverage internal audit as a primary strategic resource. As the business pulled internal audit into more significant projects, it was given the chance to really showcase its skill sets.